Hello,
Question - and i apologize as i'm new to this:
This year I had some stock RSUs vest with the company I work for. For the sake of simplicity, i'm going to just use bogus numbers, but the principle is the same:
50 stocks vest at $500 each - $25,000 total. The company deducted about 25% of those stocks and sold them to cover taxes at the vest.
Since vesting, those stocks are now worth $35,000
This year, I have also played around (in a separate broker account) with stock options. I have lost $10,000 this year.
My question - is do the $10,000 in losses offset the gains of $10,000 ($25k to $35k)? And are the gains taxed at the conclusion of the year based on the stock value, or are they only taxed when i sell the stock?
I know there's a $3000/yr maximum capital gain loss per year (that can roll over).
I'm assuming the stock vest of $25k is just taxed as income, not a 'capital gain', but that the increase from $25k to $35k will be capital gain, BUT only if i sell the stock (as long as i just hold it, there's no tax) right?
Basically - I'm wanting to offset the $10k loss from a tax standpoint, because I don't want to be rolling over the $10k capital loss for the next 4 years at $3k/year.
Would I have to cash out $10k of my stocks to offset the $10k loss with stock options?
Thanks so much!
